SPY weekly - cautious - 10/24/2015

market had a remarkable 2 days rally, SPY managed to close above 40 week MA, which exceeded my expectation. Given the red resistance on price and RSI , I want to be cautious entering next week. Given it is only several percent away to previous all time high, down side risk is increasing. If it can take out the red resistances and make an all time high like above $213, I will be bullish again.